Categories AlphaGraphs, Earnings

Aksh Optifibre Ltd Q1FY24; 27% fall in Revenue.

Aksh Optifibre Limited (AOL) was founded in 1986. The company is engaged in the manufacturing and selling of Optical Fibre, Optical Fibre Cable, Fibre Reinforced Plastic Rods, Impregnated Glass Roving Reinforcement and ophthalmic lenses. The company caters to both domestic and international markets. The company also provides E-Governance services which include 10,000 plus eGovernance kiosks in the state of Rajasthan and is also providing smart city/ turnkey solutions and FTTH.

Financial Results:

Aksh Optifibre Ltd reported Revenues for Q1FY24 of ₹58.69 Crores down from ₹79.93 Crore year on year, a fall of 26.57%.

Total Expenses for Q1FY24 of ₹60.68 Crores down from ₹76.64 Crores year on year, a fall of 20.82%.

Consolidated Net Profit of -₹1.80 Crores from ₹1.61 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.11, from ₹0.10 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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